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20121009
Search Results 0 to 7 of about 8 (some duplicates have been removed)
CNN
Oct 4, 2012 8:00am PDT
to talk about things like, you know, like ending tax breaks and getting people back to work, it seemed like those things backfired with a very powerful mitt romney standing next to him. let me show you exactly what i mean and i want to ask you about it on the other side. >> part of the way to do is to not give tax breaks to companies that are shipping shops overseas. right now, you can actually take a deduction for moving a plan overseas. i think most americans would say that doesn't make sense and all of that raises revenue. >> you said you debt a deduction for take ago plant overseas? look. i've been in business 25 years. i have no idea what you're talking about. i maybe need to get a new accountant but the idea that you get a break for shipping jobs overseas is simply not the case. what we do have right now is bringing money overseas back to this country. >> dana, if he was trying to, you know, articulate some good policy there, it seemed like he just kept getting smacked down. whereas on the campaign trail, he is not getting the smack downs. >> what you just play is so -- for two r
CNN
Oct 5, 2012 8:00am PDT
to our tax code, governor romney and i both agree our corporate tax rate is too high, so i want to lower it, particularly for manufacturing, taking it down to 25%, but i also want to close those loopholes that are giving incentives for companies that are shipping jobs overseas, i want to provide tax breaks for companies that are investing here in the united states. >> you said you get a deduction for taking a plantoverseas? i've been in business for 25 years, i have no idea what you're talking about. >> so i don't either. because i actually don't know the tax code that well. are there actually incentives currently, hal, that encourage people to take their jobs out of the united states? >> well, both the president and mitt romney are both right the way they answered the question. the reality is we don't have a specific incentive to take jobs out of the u.s. but what happens is if you can move your taxable income to another jurisdiction that has a low tax rate, like china, you can pay less taxes in total as long as you don't repatriate the money back to the u.s. the president is right that
CNN
Oct 3, 2012 8:00am PDT
. how they can justify -- how they can justify raising taxes to the middle class, who has been buried the last four years, how in lord's name can they justify raising their taxes with these tax cuts. >> dan, look, there is plenty of fodder for this debate without that. but since that is so 11th hour, is that expected to be played up heavily tonight? >> i don't think the obama campaign doesn't think this will be a distraction, but perhaps this will be something that governor mitt romney will jump on at some point during the debate. it is interesting, the vice president made those comments yesterday while campaigning in north carolina. and right after that, the romney campaign jumped all over those remarks. in fact, they put together a conference call to draw attention to that. the obama campaign fighting back saying that's an act of desperation and what the vice president was talking about is that there was this climate over the last four years that were created by decisions that were made in the previous administration. and so, again, they don't see it as a distraction, but i wouldn't
CNN
Oct 3, 2012 11:00am PDT
into a recession if the spending cuts and tax increases kick in all at once in january. that kind of uncertainty is freezing businesses from doing any hiring. >> alison kosik, thank you. "cnn newsroom" continues now with brooke baldwin. >> thank you so much. hi, everyone. i'm brooke baldwin. so exciting. seven hours and counting until the presidential debate tonight. mitt romney, he is gaining in two swing states. could this be romney's springboard? romney has whittled the president's lead, take a look. he's whittled the president's lead in the two percentage points in virginia. this is according to a poll released today by marist college, the wall street journal and also nbc news. two-point lead for obama, that's down five points last month. keep in mind we're talking virginia, that's 13 electoral votes there. and check it out, similar story for you in florida. 29 electoral votes there. now, a one-point, one-point lead for obama, down from four points in september. we should mention here that poll shows the president still with the seven-point lead in ohio. we can't forget about ohio. but speak
Search Results 0 to 7 of about 8 (some duplicates have been removed)